What does it mean to say that managers should maximize shareholder wealth "subject to ethical constraints"? What ethical considerations might enter into decisions that result in cash flow and stock price effects that are less than they might otherwise have been? The Securities Exchange Act of 1934 limits, but does not prohibit, corporate insiders from trading in their own firm's shares. What ethical issues might arise when a corporate insider wants to buy or sell shares in the firm where he or she works?
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What does it mean to say that managers should maximize shareholder wealth "subject to ethical constraints"?
What ethical considerations might enter into decisions that result in cash flow and stock price effects that are less than they might otherwise have been?
The Securities Exchange Act of 1934 limits, but does not prohibit, corporate insiders from trading in their own firm's shares. What ethical issues might arise when a corporate insider wants to buy or sell shares in the firm where he or she works?
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- Corporate raiders may now style themselves as "shareholder activists" but firms are no less worried. .Mr Bilzerian describes American corporate management in the 1980s as "uniformly horrible.". Companies had no regard for their shareholders, he says: "In 1985, Mr Icahn took over Trans World Airline, the now defunct American airline. He loaded it with debt, sold its most valuable flight routes and ground the airline into bankruptcy. He acquired a reputation of a corporate raider. By undertaking a hostile takeover, he generated substantial returns on his investments. A few high-profile raiders became famous in the 1980s making big profits for themselves but causing unrest and unemployment. Based on the case let, explain the concept of corporate raider by explaining how they operate, underlining their motive. Are they a necessary evil?ExplainHow can a top management team lower the chances that key managers will pursue their own self-interests at the expense of stockholders? At the expense of the employees? At the expense of other key stakeholders?Explain the goal of shareholder wealth maximization, and whether this goal is a short-term goal or a long-term goal. Identify the conflict between the goal of shareholder wealth maximization and other stakeholder concerns (sometimes referred to as environmental, social, and governance (ESG) concerns). Cite one real-world example of a company that reflects other stakeholder concerns in its mission statement or stated corporate values. Explain, for your chosen real-world example, how the company’s incorporation of stakeholder concerns could enhance (or detract from) the company’s shareholder wealth maximization goal. Construct one question related to shareholder wealth maximization goals.
- Explain the concept of “stakeholder management” in a publicly held corporation. Why shouldn’t managers be solely interested in stock-holder management, that is, maximizing the returns for owners of the firm – its shareholders? Explain the impact and include the zero- sum and symbiosis roles of stakeholder management in your answerPlease explain right as well as wrong options (1) when rubberstamp productions, previously a small-time production house, grew in size, the first thing its cheif executive officer (CEO) did was establish a set og guildlines that detailed all priciples, standards, and procedures to be followed in the conpany's line of business. The CEO set specific standards on topics ranging from treatment of coworkers to protection of the environment to maintenance of financial records. this scenario illustrates that the CEO developed a a.) code of ethics b.) cognitive map c.) database of employee records b.) performance appraisal document (2) Rose found strong evidence that her supervisor was stealing confidential documents from the company. she immediately reported her manager's actions to the top management. Rose's action is an example of: a.) whistle-blowing b.) brainstorming c.) property deviance d.) personal aggressionA) Assuming you are the company secretary of a construction firm in Ghana, what will be the ten (10) key areas regarding the roles a n d duties you will perform on the board as the company secretary and the company as a whole? B) As a company secretary, suggest to the board five (5) circumstances that may lead to the appointment of a director being terminated? C) Ghana was not long ago in the news as a result of the collapse of some commercial banks. The reasons for the collapse were attributed to weak governance structures among others. There is a new bank which is about to be set up in Accra. As a corporate governance consultant, suggest to the directors five (5) ways in which the application of Corporate Governance Principles will be beneficial for the new bank.
- 1.What steps would you think are appropriate to attempt to develop greater levels of integrity in non- executive directors? 2. List models of corporate governance and discuss the role of employees in corporate decision making.You're the type of person who is always terrified of failure, avoids contentious circumstances, and is afraid of losing your job, putting your ethical beliefs on the line. The circumstances listed below will put your ethical standards to the test. What would you do in these situations? Keep in mind that you must be honest and provide outstanding explanations. Situation 1: Protecting a friend who’s drinking is causing problems in the company Situation 2: take credit to the work done by the others. Situation 3: Company engaging in false marketing.The advent of professional managers was accompanied by skepticism regarding their trustworthiness and ethics in controlling large corporate assets on behalf of the shareholders. Today, this skepticism remains and has changed little since the founding of the managerial class a century ago, and new laws concerning appropriate governance, such as Sarbanes- Oxley, continue to be introduced. Why has this skepticism remained so strong?
- After searching for following information online: a.WorldCom fraud b.Background of the CEO, Bernie Ebbers c.How WorldCom’s market capitalization grew to one of the largest firms in the US d. Information on the trial and related court testimony that convicted Bernie Ebbers e. The internal audit team’s role in discovering and reporting the fraud to the Board of Directors, and f. The role WorldCom's Controller played in the fraud. Question 1: Compare the lack of asset forfeiture between Bernard Ebbers and Bernard Madoff. Question 2: To what extent is it agreeable with Judge Caproni’s statement that Ebbers essentially served a life sentence? Please provide references.1) Are CEOs and key executives worth the large pay packages they receive? Explain. 2) Do you agree with Peter Drucker that corporate executives should receive compensation packages no larger than a percentage of the pay of hourly workers? Explain. 3) Do you think that executives in the broader public sector, such as hospital executives, should receive such large pay packages?1. Crane and Matten define ethical theories as “the______ and principles that determine right and wrong for a given situation. 2. De George (1999) suggests two extremes in locating a place for ethical theory. What are these two extremes? a) Normative / instrumental. b) Moral / immoral. c) Absolutism/relativism. d) Religious / non-religious. 3. Consequentialist ethical perspectives base their moral judgment on the motivations and/or principles of the actors. a) True b) False 4. Match the major normative theories of business ethics with the rules they employ. a) Egoism = Self-interest b) Utilitarianism = Act or rule utility c) Ethics of duties = Categorical imperative d) Rights and justice = Respect for human beings 5. What, according to Theory, are the main problems with utilitarianism? Please select all that apply. a) Distribution of utility b) Subjectivity c) Limited social acceptability d)…